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Recent News and Events: Student Loan Company Refinancing
Education Finance Partners Inc., a private student loan company that said last year it planned to relocate much of its work from San Francisco to Austin, has ceased operations and laid off all of its 113 Austin employees, according to documents filed with the state.
Personal finance columnist Michelle Singletary hosted an online discussion with Carolyn Warren, author of "Mortgage Rip-Offs and Money Savers" (John Wiley & Sons), on Thursday, Aug. 28 at Noon ET.
CIBC announced net income of $71 million for the third quarter ended July 31, 2008, compared with net income of $835 million for the same period last year. Diluted earnings per share were $0.11, compared with diluted EPS of $2.31 a year ago.
For the third quarter ended July 31, 2008, BMO Financial Group reported net income of $521 million or $0.98 per share. We continue to maintain a strong Tier 1 Capital Ratio and the third quarter return on equity at 13.5% shows the underlying benefits of our diversified businesses.